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2. Limited liability company - Wikipedia

   en.wikipedia.org/wiki/Limited_liability_company

   Auriga Capital Corp), [20] parties to an LLC remain free to expand, restrict, or eliminate fiduciary duties in their LLC agreements (subject to the implied covenant of good faith and fair dealing). [21] Under 6 Del. C. Section 18-101(7), a Delaware LLC operating agreement can be written, oral or implied.

3. Operating agreement - Wikipedia

   en.wikipedia.org/wiki/Operating_agreement

   An operating agreement is a key document used by limited liability companies (LLCs) to outline the business' financial and functional decisions including rules, regulations and provisions. The purpose of the document is to govern the internal operations of the business in a way that suits the specific needs of the business owners, called "members".

4. Low-profit limited liability company - Wikipedia

   en.wikipedia.org/wiki/Low-profit_limited...

   Many states have an initial filing fee along with an annual fee and annual report filing requirement necessary for an L3C to maintain its legal status. Following filing, the members of the L3C must execute a formal operating agreement. In the operating agreement, L3Cs need to define its purpose per the provisions of IRS Treasury Regs.Sec.53. ...

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7. Cambridge school board enters into oil and gas lease ...

   www.aol.com/cambridge-school-board-enters-oil...

   The five-year lease agreement began on Feb. 28 and expires on Feb. 28, 2029, and is specific to 182 acres of property along Wills Creek Valley Drive, often referred to as the main campus.